Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “competition”

See all translations

competition

noun
 
 
/ˌkɒmpəˈtɪʃən/
[U] ECONOMICS the situation in which people or businesses are trying to be more successful than each other, for example by making more sales in a market: There has always been competition between the auto manufacturers. stiff/fierce/strong/tough competition Some healthy competition (= competition that is a good thing) makes everyone work harder. The decision to sell cheap TVs put the supermarket in (direct) competition with the major suppliers of electrical goods. foreign/global/ international competitiongrowing/increasing competition US companies face increasing competition from Eastern markets. Politicians argued that subsidies stifled free competition. Traditional banks face competition from internet-based finance companies. Critics say merging the two largest manufacturers could stifle competition (= prevent competition).
the competition COMMERCE, MARKETING the people or businesses who are competing with a particular person or business in a particular market: Longer hours should give the store an advantage over the competition.keep/stay ahead of the competition The company had to make drastic changes if it was to stay ahead of the competition.
→  See also free competition , imperfect competition , perfect competition , price competition
(Definition of competition from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of competition?
Add Cambridge dictionaries to your browser to your website

Definitions of “competition” in other dictionaries

Word of the Day

luck

the force that causes things, especially good things, to happen to you by chance and not as a result of your own efforts or abilities

Word of the Day

A certain je ne sais quoi: French words and phrases used in English

by Liz Walter,
January 21, 2015
It is an odd irony that the more sophisticated your use of English is, the more likely you are to use French words and phrases. Or, to be more accurate, ones you know to be French – words such as ballet, au pair, abattoir, fiancé, café, and restaurant are so entrenched in

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More